Question 1 of 20 4,313 total questions
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount.
A an offer
B an acceptance
C a consideration
D a warranty
E a security
When a firm sets a low price for new product, this is said to be
A market swimming
B competitive pricing
C penetration pricing
D loss leader pricing
E target pricing
Which of the following s a form of public relations?
A Feature articles
B Window display
C Catalogue
D Transportation and delivery services
E Personal selling
Which of the following is a demerit of advertising?
A Increases per-unit cost of goods
B Leads to increased profit for producers
C Provides information for customers
D Reduces per-unit cost of goods
E Increases competiton among producers
Business activities responsible for identifying, anticipating and satisfying customer's requirements profitably are called
A advertising
B public relations
C marketing
D sales promotion
E sales management
Contraband goods seized by the Customs and Excise Authority are kept in the
A ordinary warehouse
B bonded warehouse
C public auctioneer's store
D state warehouse
E private warehouse
Which of the following defines communication in commerce?
A Movement of files
B Transmission of information
C Movement of people
D Storing of information
E Distribution of newspaper
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
A Franking machine
B Business reply service
C Mail transfer
D Post restante
E Private mail bag
Speed is an important consideration for choice of a means of transport where goods are
A bulky
B inferior
C fragile
D perishable
E durable
Gases are best transported
A through canals
B by sea
C by air
D through pipelines
E by rail
Which of the following would best be conveyed by rail transport
A Bread
B Shoes
C Potatoes
D Tomatoes
E Oranges
Small ships which are used to carry goods and passengers across rivers or canals called
A tramps
B coasters
C tankers
D liners
E ferries
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed
A Circulation capital
B working capital
C fictitious capital
D fixed capital
E capital owned
Cash-in-hand and at bank as well as debtors are examples of
A current assets
B fixed assets
C capital owned
D capital employed
E working capital
New shares are offered for sale to the public through
A acceptable houses
B the stock exchange
C issuing houses
D discount houses
E mortgage banks
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
A authorised capital
B fixed capital
C working capital
D capital owned
E called-up capital
An offer of new shares made to existing shareholders at a preferential price is called?
A bonus issue
B rights issue
C private placing
D debenture
E preference share
The insurance policy against claims from customers who might be injured within the business premises is called
A life assurance policy
B endowment policy
C fidelity guarantee insurance
D employers liability insurance
E engineering insurance
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
A tendering
B aunctioneering
C quotation
D hedging
E haggling
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
A bull
B jobber
C bear
D stag
E broker
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